On March $2,2023,$ Zoe Allen, Karen King, and Veronica Johnson start a partnership to operate a personal coaching and lifestyle

consulting practice for professional women. Zoe will focus on work$-$life balance issues, Karen on matters of style, and Veronica on

health and fitness. They sign a partnership agreement to split profits in a $3$:$2$:$3$ ratio for Zoe, Karen, and Veronica, respectively. The

following are the transactions for Wildhorse Personal Coaching:

$2023$

Mar. $2$ The partners contribute assets to the partnership at the following agreed amounts:

They also agree that the partnership will assume responsibility for Karen's note payable of $$7,400.$

Dec. $20$ Zoe, Karen, and Veronica each withdraw $$44,400$ cash as a "year$-$end bonus." No other withdrawals were made during

the year.

$31$ Total profit for $2023$ was $$162,800.$

$2024$

Jan $5$ Zoe and Veronica approve Karen's request to withdraw from the partnership for personal reasons. They agree to pay

Karen $$22,200$ cash from the partnership.

$6$

Zoe and Veronica agree to change their profit$-$sharing ratio to $4-5,$ respectively.

Dec. $20$ Zoe and Veronica withdraw $$63,270$ and $$66,600$ cash, respectively, from the partnership.

Total profit for $2024$ was $$183,150.$

$2025$

Jan. $4$ Zoe and Veronica agree to admit Dela Jone to the partnership. Dela will focus on providing training in organizational

shills to clients. Dela invests $$45,880$ cash for $25\%$ ownership of the partnership.

$($a$)$

Record the above transactions. For the profit recognized each vear, calculate how it is to be allocated and record the closing of the

Income Summary account. $($Credit account titles are autamatically indented when the amount is entered. Do not indent manually. List all

debit entries before credit entries, If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit

$2023$